Home > France & Italy call off deal for French shipyard as pandemic hits cruise industry

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France & Italy call off deal for French shipyard as pandemic hits cruise industry

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The French and Italian governments have called off a deal for Fincantieri to take a majority stake in the Chantiers d'Atlantique shipyards. The agreement was reached in 2018, but was awaiting approval from the EU's competition regulator. Building cruise ships is a key part of the business, and given the slump in travel due to the pandemic, Paris and Rome have agreed to abandon the sale. Also today, Apple reports record quarterly revenues of over $110 billion after a bumper Christmas sales period.

Added on the 28/01/2021 08:15:38 - Copyright : France 24 EN

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